Looking at the daily time frame, the market has pulled back to the 61.8 fib level, a correction from previouse weeks impulse move to the up side that saw the market push from lows of around 108.730 to highs of 110.800. the fact that the market retraced and closed above the 61.8 fib level (around 109.500). Assuming we see the market close above this level on the daily time frame when market resumes, it would be safe to say that the market will push further up to form higher highs on the daily time frame.
looking at the H4 time frame. we can see that the market is forming an upward channel. lets patiently wait and see how the market plays out during the coming week. Am alreay in long trades from 109.670 with take profit levels set at 110.800 as TP1 and TP2 at 111.630. trade safe
looking at the H4 time frame. we can see that the market is forming an upward channel. lets patiently wait and see how the market plays out during the coming week. Am alreay in long trades from 109.670 with take profit levels set at 110.800 as TP1 and TP2 at 111.630. trade safe